This property looks like a bad Long-Term investment with a projected -22.25% first-year return on $186k initial cash invested.
-22.25%
Cash On Cash
2.23%
Cap Rate
0.34
DSCR
$4,352
Rent
-$3,440
Cashflow
Cash Flow
$4,352 income − $7,792 expenses = $3,440 out of pocket
Investment Breakdown
|
Purchase Price
$884k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,836
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,352
Total Expenses
$7,792
Mortgage P&I
112%
$4,864
Property Taxes
14%
$622
Home Insurance
7%
$304
HOA
20%
$870
Property Management
10%
$435
CapEx
5%
$218
Vacancy
6%
$261
Maintenance
5%
$218
Other
0%
$0